SEMESTER 1
2025
MNG3701
ASSIGNMENT 2 2025
DUE: 14 APRIL 2025
, Table of Contents
Introduction…………………………………………………………………….2
Purpose and Structure of the Document …………………………………… 3
Strategic Visualization
Definition and Role of Visualization in Strategic Management …………….4
Benefits of Visualization for Organisational Strategy ……………………… 5
Porter’s Five Forces Analysis
Explanation of Porter’s Five Forces Model …………………………………..6
Application to the South African Banking Industry ……………………….…7
Analysis of Competition, Supplier Power, and Buyer Power ………………8
SWOT Analysis of Standard Bank
Internal Strengths and Weaknesses of Standard Bank ………………….…10- 19
External Opportunities and Threats in the Banking Industry ………………. 20
How SWOT Helps Standard Bank in Strategy Formulation ………………… 20
PESTE Analysis of the Banking Industry
Political and Legal Forces Affecting Banking ………………………………..20
Economic Forces and Market Trends ………………………………………… 21
Social, Technological, and Ecological Factors ……………………………… 22
Conclusion…………………………………………………………………….….24
References……………………………………………………………………….25
1
, MNG3701
ASSIGNMENT 2 2025
Introduction
In today’s fast-changing business world, it is important for organizations to understand and
adapt to the outside world around them. A business needs to keep track of both internal and
external factors that affect its success. This document looks at key ideas like how to plan and
make decisions, how to analyze the business environment, and how to evaluate competition.
The focus is on the banking industry in South Africa, particularly Standard Bank of South
Africa. We will explore how tools like SWOT analysis and Porter’s Five Forces help businesses
identify opportunities, strengths, weaknesses, and threats. The document will also discuss how
different external factors, like politics, the economy, and technology, affect a company like
Standard Bank. When we understanding these factors, businesses can make smarter
decisions to stay ahead in the market.
2
2025
MNG3701
ASSIGNMENT 2 2025
DUE: 14 APRIL 2025
, Table of Contents
Introduction…………………………………………………………………….2
Purpose and Structure of the Document …………………………………… 3
Strategic Visualization
Definition and Role of Visualization in Strategic Management …………….4
Benefits of Visualization for Organisational Strategy ……………………… 5
Porter’s Five Forces Analysis
Explanation of Porter’s Five Forces Model …………………………………..6
Application to the South African Banking Industry ……………………….…7
Analysis of Competition, Supplier Power, and Buyer Power ………………8
SWOT Analysis of Standard Bank
Internal Strengths and Weaknesses of Standard Bank ………………….…10- 19
External Opportunities and Threats in the Banking Industry ………………. 20
How SWOT Helps Standard Bank in Strategy Formulation ………………… 20
PESTE Analysis of the Banking Industry
Political and Legal Forces Affecting Banking ………………………………..20
Economic Forces and Market Trends ………………………………………… 21
Social, Technological, and Ecological Factors ……………………………… 22
Conclusion…………………………………………………………………….….24
References……………………………………………………………………….25
1
, MNG3701
ASSIGNMENT 2 2025
Introduction
In today’s fast-changing business world, it is important for organizations to understand and
adapt to the outside world around them. A business needs to keep track of both internal and
external factors that affect its success. This document looks at key ideas like how to plan and
make decisions, how to analyze the business environment, and how to evaluate competition.
The focus is on the banking industry in South Africa, particularly Standard Bank of South
Africa. We will explore how tools like SWOT analysis and Porter’s Five Forces help businesses
identify opportunities, strengths, weaknesses, and threats. The document will also discuss how
different external factors, like politics, the economy, and technology, affect a company like
Standard Bank. When we understanding these factors, businesses can make smarter
decisions to stay ahead in the market.
2
